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$38,000
9,026
square ft

301 E Route 115
Herscher, Illinois 60941

Closed / MLS #11960473 / Retail Store / Herscher
Listing information updated 7/9/2024 at 11:43pm
Investor equity buy-in for retail income standalone building. Stable anchor tenant in place, Dollar General retail, with 40-year lease terms. Investor participation portion is 4.92% ownership. The first period lease capitalization rate is at 8.82% net. Cash investment requirement is $49,200. Retail property is a steel and masonry building constructed in 2016. This is a single occupant building with the rentable area of 9,026 sqft. Building features steel structural framing, exterior walls of concrete block and steel, with central HVAC, fire suppression and alarm system. Building sits on a parcel of 99,752 sqft / 2.29 acres. The site has 30 surface parking spaces. Accessibility is by State Route 115, which is a major arterial. The subject resides on the northern edge of Herscher. This Dollar Tree tenant serves Herscher and greater southwestern Kankakee County. The lease terms are triple net, with no landlord responsibilities. A very nice armchair investment. Contact broker for additional information.
Built:
2016
Cooling System:
Central Air
Stories:
1
Roof:
Membrane
Current Use:
Commercial
Zoning:
COMMR
Rentable Square Feet:
9,026
Building Square Feet:
9,026
Current Net Income:
$93,015
Tax Amount:
$18,124
Tax Year:
2022
Zip Code:
60941
City:
Herscher
County:
Kankakee

Listing Office: L & B All Star Realty Advisors LLC

Listing Office Phone: 312.925.0900

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/9/2024 at 11:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

$181,633
Average Sale Price
1,496
Average Days On The Market
88%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 301 E Route 115, Herscher, IL 60941
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301 E Route 115, Herscher, IL 60941 is a retail store which sold for $38,000. This retail store has been listed on @properties Christie's International Real Estate since January 12th, 2024 and was built in 2016.

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